Asset report

Navachab gold mine

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Report summary

Navachab is conventional open pit mine producing around 65-80koz of gold per year. The mine was previously owned and operated by Angolgold Ashanti who sold it to QKR (a private equity firm) in 2014. In November 2014, Epangelo Mining - a state owned entity, purchased a 7.5% stake in the mine from QKR. Mine life is expected to continue up to at least 2028.

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